Mining equipment manufacturer Caterpillar has opened a new 20,000m² remanufacturing facility in Singapore, which aims to reduce waste and the need for raw materials.

The new facility will serve as the regional source for remanufactured major components for large off-highway trucks and other mining equipment, including engines, transmissions, final drives and torque converters.

Caterpillar has also partnered with Singapore’s Economic Development Board for developing the new facility.

Caterpillar vice president Grey Folley said the new facility will expand the firm’s capability to provide unmatched customer support to the mining industry of Asia.

The company’s remanufacturing and components division Asia-Pacific general manager Frank Li said the remanufacturing facility will make great contributions to sustainable development by keeping non-renewable resources in circulation for multiple lifetimes.